Morocco's banking sector more 'flexible' – Moody's

Mubasher: Morocco is among the African countries that has a flexible banking sector on low oil prices and political stability over the last months, said global rating agency Moody's.

The state's banking policy is 'flexible', which allows the sector to overcome any potential risks in the next year, the agency added.

Outlook for the sector in Africa is stable, which indicates that it is able to generate strong earnings and achieve higher level of capital adequacy.

The oil-importing African countries capitalised on low oil prices and political stability.

Mubasher Contribution Time: 10-Dec-2015 08:42 (GMT)